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Opposition Parties Criticize Tinubu’s Performance One Year In
President Bola Tinubu Tinubu’s Inauguration Promises Under Scrutiny After One Year On inauguration day at Eagle Square, Abuja, President Bola Ahmed Tinubu made commitments addressing critical national issues including the economy, security, power, and petrol subsidy. Notably, he declared “subsidy is gone,” a statement that has continued to resonate in economic discussions across Nigeria. Nearly […]
IMF: Fuel Subsidy Causing Deterioration in Fiscal Balance in Nigeria
The International Monetary Fund (IMF) yesterday maintained that prolonged payment of petrol subsidy in Nigeria was affecting the country’s fiscal balance despite revenue increase from rise in global oil price.The Washington-based institution stated this in its latest Regional Economic Outlook for Sub-Saharan Africa titled: “A New Shock and Little Room to Maneuver,” released yesterday.It stated: […]